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Tuesday, September 08, 2009

Supply of rental property falls to help recovery in rental values

Some good news for landlords regarding rents.

The Royal Institution of Chartered Surveyors (RICS) reports that the number of rental properties coming on to the market is falling quickly, which we all hope will mean that less supply will push rents back up.

RICS describes the disappearance over the summer of the "accidental landlords' who have been flooding the rental market with their unsold properties.

Read more in the Times on the RICS rental data and check out average rental values here.


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